Answer:
a. A nonresident alien can be an S corporation shareholder. (However, generally, we can't see non resident aliens owning shares, but it is not illegal.)
c. An S corporation can have more than 100 shareholders, since families are treated as a single shareholder.
Explanation:
A nonresident alien is a person who is not a U.S. citizen and does not pass the green card or substantial presence tests used to determine tax status and citizenship. Foreign Students are a good example for this.
these non residents usually do not hold ownership in corporations.
The term "S corporation" means a "small business corporation".
S corporations limit is 100 members, however, since the family members are treated as "individual one person", the number 100 could change in the practical scenario.
The option d is obviously wrong!
Option b is incorrect as well. Corporations and Partnerships can not own stake in S corporations.
Answer:
Incentive plans
Explanation:
Incentive plans are strategies in which representatives of an association are kept persuaded for the work that they do, and are given motivators on coming to or achieving certain association objectives. The motivator plans can be for lower level workers, center administration and senior administration.
It is the apparatus utilized by entrepreneurs to empower, perceive and reward uncommon execution in their workers.
The document that functions as the same in a personal real estate transaction is the Contract for Sale.
<h3>What is Real Estate?</h3>
Real estate refers to the property which specifically includes the land property or it can be said the property attached to the land. The property can be natural or the man made. It is also termed as the real property.
Contract for sale refers of the agreement between the buyer and the seller in which the sale of the goods and services takes places. It includes several important aspects such as price consideration, interest ,guarantee etc.
The document that functions as the same in a personal real estate transaction which involves the purchase of the transactions is the Contract for Sale.
Learn more about Contract for Sale here:
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Answer:
Current Ratio
Explanation:
Current ratio is the proportion of current assets to current liabilities. It is one of the liquidity ratios that measures the capability of an organization to meet it short term obligations which is represented by current liabilities such as accounts payable and short term loans.
These liabilities are met with current assets such as cash and accounts receivables. Ideal current ratio is 2:1 that implies that the organization has enough currents assets to meet its short term liabilities as well as maintain adequate liquidity.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Number of foam cushions to be produced in July 13, 000
Number of foam cushions to be produced in August 12, 000
Number of foam cushions to be produced in September 14, 000
Each cushion requires 2 pounds of the foam used as stuffing. The company has a policy that the ending inventory of foam each month must be equal to 25% of the following month's expected production needs.
Production for August:
Sales= 12,000*2= 24,000
Ending inventory= (14,000*0.25)*2= 7,000
Beginning inventory= (12,000*0.25)*2= 6,000 (-)
Total= 25,000 pounds
